The shares hit a record low just last weekH.C. Wainwright initiated coverage on INmune Bio Inc (NASDAQ:INMB) with a "buy" rating and an $11.50 price target -- a nearly 94% premium to last night's close. The analyst in coverage expects the California-based biotech's two cancer drugs to launch in 2024, and believes they "have the potential to become a platform therapy."In reaction, INMB shares up 4....Read More

By: Ira EpsteinGold nearing its 18-DMA support ~$1,490. Gold hit $1,503, new lower high short-term. Lost overbought momentum:Read More

Stewart Thomson, Graceland Updates 1. More powerful money managers are stepping forward to recommend gold in a negative real rates environment.2. Please click here now. The focus of these elite money managers and analysts is mainly on bullion.3. Many of the more speculative junior miners that trade on the CDNX have yet to participate in this gigantic rally, but that may indica...Read More

The airline stock is down more than 5% todayStifel slapped Hawaiian Holdings, Inc. (NASDAQ:HA) with a double downgrade to "sell" from "buy," and slashed its price target on the regional airline stock to $20 from $30 -- a 21.3% discount to last night's close at $25.42. In reaction, HA stock is down 5.6% to trade at $23.99, earlier hitting a nearly four-year low of $22.84.Today's downside is nothing...Read More

Talk of a synchronized world - all three economicsuperpowers are in a recession! The U.S. suffers from industrial recession,Japan from export recession, while Germany may fall into a broad economicrecession. Will the gold market warm up to these news? Recent U.S.Data Shows Industrial RecessionThe recent inversion of the yield curve has sparkedrecessionary fears. Some of the newest pieces of the U....Read More

One side of my family has held a reunion every few years formore than four decades. It’s a big, raucous event filled with lots of food,many half-true stories about the past, and copious amounts of alcohol.In other words, it’s a not-to-be-missed event.Hosting responsibilities transferred from one sibling at theoldest generation to the next, and then moved down a level. My relatives ares...Read More

CyberArk's recent pullback has found support at its 160-day trendlineThe shares of CyberArk Software Ltd (NASDAQ:CYBR) are up 3% to trade at $119.46 this morning, after Cowen initiated coverage on the software name with an "outperform" rating and $145 price target, a 20% premium to its current perch. The analyst in coverage glowed about CyberArk's market position in the Privilege Access Security...Read More

Most analysts already love NOW stockServiceNow Inc (NYSE:NOW) is up 2.5% out of the gate to trade at $262.47, thanks to a bullish note out of Stifel. The brokerage firm's analysts raised their rating on the shares to "buy" from "hold," and boosted their price target to $320 from $290, saying their checks on ServiceNow's partners suggest no slowdown in the business. It added that newer products sho...Read More

Tilray's CEO called it a "significant milestone"A Portuguese subsidiary of Tilray Inc (NASDAQ:TLRY) signed a dealwith Cannamedical Pharma to ship $3.3 million worth of medical cannabis to Germany by the fall. "This is a significant milestone for Tilray," said CEO Brendan Kennedy. As a result, TLRY stock is up 3.9% at $30.45 -- set to snap its five-day losing streak. The losing streak started on A...Read More

Wall Street is waiting for the Fed minutes, due later today Dow Jones Industrial Average (DJI) futures are pointing to triple-digit gains this morning, getting a shot in the arm from a round of upbeat retail earnings. After the blue-chip index snapped its three-day winning streak yesterday, investor fears of a faltering domestic economy are being temporarily assuaged by blowout quarterly reports f...Read More

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Wednesday August 21, gaining by 2.3% on low turnover, while a steady decline in tin futures continued to prompt market concerns.Zinc futures began the day trading at around $2,230 per tonne before a strong bout of buying saw the metal close at $2,288.50 per tonne, its highest price since August 13.Volumes...Read More

An increasing yield spread has historically marked a prime time to sell stocksThe yield curve briefly inverted last week, sparking recession fears and inciting a market sell-off. The S&P 500 Index (SPX) fell almost 3% last Wednesday, Aug. 14, on the news. The inverted yield curve seems to be the most notorious recession indicator there is. The chart below, in part, explains its bad reputation. The...Read More

The price of steel mesh-quality wire rod in the European domestic market was unchanged this week, with trading still heavily subdued because of the seasonal summer slowdown, participants told Fastmarkets on Wednesday August 21.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?485-510 ($538-565) per tonne on Wednesday, unchanged week...Read More

By: Ira EpsteinGold nearing its 18-DMA support ~$1,490. Gold hit $1,503, new lower high short-term. Lost overbought momentum:Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 21.Please click...Read More

Stewart Thomson, Graceland Updates 1. More powerful money managers are stepping forward to recommend gold in a negative real rates environment.2. Please click here now. The focus of these elite money managers and analysts is mainly on bullion.3. Many of the more speculative junior miners that trade on the CDNX have yet to participate in this gigantic rally, but that may indica...Read More

The price of steel rebar in the Northern European domestic market remained unchanged due to the continued seasonal slowdown in the market, sources told Fastmarkets on Wednesday August 21.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was ?,?500-520 ($554-577) per tonne on Wednesday August 21, unchanged week on week. Subdued market a...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday August 21 that are worth another look.Swiss trading house Trafigura has begun blending copper concentrates in Malaysia, with small batches of output being offered to the market, Fastmarkets has learned.Zinc premiums in the United States widened upward in the week to Tuesday August 20 despite dampened consumption from stee...Read More

On Aug. 19, 2019, Dynacor released updated production guidance for the second half of the year.As a result, despite pretty poor 1H 2019 production figures, it looks like 2H 2019 should be much better.One of the main risk factors, the ore supply, seems to be contained now.The company continues its two investor-friendly initiatives: the dividend and share buyback programs.In my opinion, Dynacor stil...Read More

Alexander Khodov has joined Trafigura as the Singaporean commodity company's lead nickel and cobalt market analyst, a source close to the matter confirmed on August 21. Khodov joined Trafigura on August 19 after having previously spent three years...Read More